Greenvale Energy Locks in $5M Farm-in with Sunrise Energy Metals to Unlock Millungera Geothermal Monster
Greenvale Energy (ASX:GRV) Unlocks Geothermal Potential with $5M Farm-in Deal from Sunrise Energy Metals By: Robert Buluma 26 November 2025 In a move that could prove highly strategic for both companies and the north-west Queensland region, Greenvale Energy Limited (ASX:GRV) has announced a binding Farm-in and future Joint Venture agreement with SRL Hot Rocks Pty Ltd, a 100%-owned subsidiary of ASX-listed Sunrise Energy Metals (ASX:SRL). The deal centres on Greenvale’s 100%-owned Millungera Basin Geothermal Project, located ~120 km east of Mount Isa in one of Australia’s hottest and most prospective geothermal provinces. Key Deal Terms SRL Hot Rocks will sole fund up to A$5 million in exploration and development expenditure. - Upon completing the $5M spend, SRL-HR will earn a 51% majority interest in the Millungera geothermal tenements, with a pathway to a full Joint Venture. Greenvale retains a meaningful free-carried interest through the earn-in phase, allowing it to preserve capita...